Excerpt from Revolution and Democracy
For fifty years the world has been drifting into the condition in which it now finds itself. The disordered state of Europe and of America is traceable to the same causes. International conditions are a mirror of domestic conditions. The treaty of peace as well as the industrial collapse within the individual nations is a product of an economic evolution which has resulted in a privileged society which has come to control not only the internal governments of the world, but international relations as well.
Fifty years ago there was an approach to equality of opportunity. Competition was the prevailing note in industry. Business was organized in small units. Men worked willingly. Values were fixed by production costs. Nations were largely self-contained. International finance was limited to the settlement of trade balances. There was equal access to the raw materials of the world. Imperialism was confined to a few subject countries. Freedom was the prevailing note in trade, in commerce, and in industry.
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